DSE will act as technology hub to building Smart Bangladesh: DSE Chairman

Published:  07:16 PM, 03 July 2024

DSE will act as technology hub to building Smart Bangladesh: DSE Chairman

DSE will act as technology hub to building Smart Bangladesh: DSE Chairman

DSE has allotted 100th issue of share of the TechnoDrugs Ltd pro-rata basis among the investors through Electronic SubscriptionSystem (ESS) of Stock Exchange in DSE’s Training Academy  on 02 July 2024.

 

The Chairman of Dhaka Stock Exchange Professor Dr. HafizMuhammad Hasan Babu, Managing Director (Acting) Sawik Ahmed Shah, ChiefRegulatory Officer Khairul Basar Abu Taher Mohammad, Managing Director  of Techno Drugs Limited Mr.Shah Jalal UddinAhmed, Deputy General Manager Chittagong Stock Exchange Hasnain Bari, CDBLGeneral Manager - Manager Rakibul Islam Chowdhury and senior officials of theinstitutions including Md. Rabiul Islam, Assistant General Manager of ListingAffairs Department of DSE.

 

The Chairman of DSE Professor Dr. Hafiz Muhammad Hasan Babusaid an example of the smart Bangladesh is the management of the 100th issue ofESS software that has dreamed by  PrimeMinister. DSE can be the hub of automation in Smart Bangladesh. The globalcapital market is going through the process of digitization. Now most of thework of capital market is going through technology. The software we are usingin the ESS system is native software. The Smart Bangladesh will be implementingwhile our official activities will run using our own technology. This softwarenot only save our money but also It has increased transparency and reduced timein the IPO process. At the same time, we can ensure good governance using this,he added. He aspect that, this software will come on a larger scale in thefuture, . At present, an application has been made to the Bangladesh Securitiesand Exchange Commission to add the right share issue to this software.  He said, this software would be complete afterBSEC approval.

Allotment of  pro-ratabasis shares using ESS  is a milestonefor DSE.  He said, we feel proud to allotted100th issue of shares using ESS.

The new module in Electronic Subscription System (ESS)software is a modern way of alloting shar. Which has added a new dimension to thecountry's capital markets, investors and businesses.  As a result, the IPO process can be completedin a very short time and shares can be issued very easily, in short time, at lowcost using this system.


Before that, in the welcome speech at the beginning of theprogram, DSE Managing Director (Acting) Satvik Ahmed Shah said that althoughESS initially started with the cooperation of foreign companies, since 2016,ESS software has been developed by the stock exchange's own talent andexpertise. ESS has become a symbol of confidence of the capital market inensuring regulatory compliance and short time share distribution. The abilityto add various regulatory upgradations, amendments to the ESS within a shortspan of time as directed by the regulatory body is truly commendable. ESS willmake a dynamic contribution to protecting investors' interests and buildingsustainable capital markets in the future.

 

Shah Jalal Uddin Ahmed, Managing Director of Techno DrugsLimited said, due to the tireless efforts of DSE and Issue Managers, our DSEregistration process has been started. I want new medicine products to be madein Bangladesh. This company's IPO was oversubscribed 24.64 times. Which is amatter of great pride for us. I hope we can give good dividends to theinvestors.


Before that, in the welcome speech at the beginning of theprogram, DSE Managing Director (Acting) Satvik Ahmed Shah said that althoughESS initially started with the cooperation of foreign companies, since 2016,ESS software has been developed by the stock exchange's own talent andexpertise. ESS has become a symbol of confidence of the capital market inensuring regulatory compliance and short time share distribution. The abilityto add various regulatory upgradations, amendments to the ESS within a shortspan of time as directed by the regulatory body is truly commendable. ESS willmake a dynamic contribution to protecting investors' interests and buildingsustainable capital markets in the future.

 

Shah Jalal Uddin Ahmed, Managing Director of Techno DrugsLimited said, due to the tireless efforts of DSE and Issue Managers, our DSEregistration process has been started. I want new medicine products to be madein Bangladesh. This company's IPO was oversubscribed 24.64 times. Which is amatter of great pride for us. I hope we can give good dividends to theinvestors.




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